In approving House Bill 5035-A this year, the Legislature established a fixed amount of lottery money to allocate among
the counties, ending the approach of basing the distribution on statewide video lottery sales, which can fluctuate.
When the committee voted at its 2010 meeting in Toronto, Ontario--hosted by Len Brittain, director of corporate finance for the City of Toronto and GFOA president--each of the 20 members had 20 points to allocate among
the significant issues identified.
Contract holders may allocate among
the three strategies with each new premium, but then must leave the money in each bucket for five years.
How much International Affairs money to allocate among
each of the subcommittees with jurisdiction, and how to distribute the funds among the numerous programs, are decisions exclusively reserved for the Appropriations Committees.
The advantage of using a partnership is the flexibility to allocate among
the partners both the income tax deduction for the initial contribution and the unitrust payments received.